Total state government revenues climbed to $2.27 trillion in fiscal year 2011, up 11 percent from 2010, according to data released today by the U.S. Census Bureau.
An additional $141 billion in social insurance trust revenue, which includes retirements and insurance contributions and investment earnings, accounted for much of the increase. Taxes, the largest share of state governments’ general revenue, rose 8 percent for the year.
States also reported a 3.7 percent uptick in total expenditures. Year-over-year health and hospital spending increased 7.6 percent, while unemployment compensation declined 10 percent.
Other highlights from the Census Bureau report include:
We’ve compiled data for the past three available fiscal years into the graphic below. Select your state and a filter to view totals for each revenue and expenditure type:
By the Numbers is dedicated to telling important stories through numbers, with a focus on our original work, data visualization and providing an ongoing tally of editor's picks of new and notable data releases.
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